ABSTRACT

State-owned financial institutions (SFIs) play an important role in regional credit distribution and the promotion of structural change and regional economic development, often contributing to regional convergence. The evolution of SFIs in Brazil after the Second World War, through the 1980s’ debt crisis and 1990s’ financial reform and under Workers Party governments in the new millennium, is outlined. The analysis of a regional credit concentration index from 2010 to 2020 shows that from 2004 to 2015 revived national and subnational SFIs helped drive a phase of regional convergence. Despite their smaller size, subnational SFIs still play a role in regional development as their chief mandate is credit supply.

摘要

国有金融机构（SFI）在区域信贷分配、促进结构变化和区域经济发展中发挥着重要作用，往往有助于区域趋同。概述了二战后巴西 SFI 的演变，通过 1980 年代的债务危机和 1990 年代的金融改革以及新千年工人党政府的领导。对 2010 年至 2020 年区域信贷集中度指数的分析表明，2004 年至 2015 年，国家和地方金融机构的复苏推动了区域趋同的阶段。尽管规模较小，地方金融机构仍然在区域发展中发挥作用，因为它们的主要任务是提供信贷。